Schooled by Crisis, Asian Economies Defy Emerging-Market Label
Michelle Jamrisko, Bloomberg News Shoppers inside the K11 Musea shopping mall, developed by K11 Group Ltd., a unit of New world Development Co., in Hong Kong, China, on Friday, April 2, 2021. Hong Kong s retail sales ended a two-year losing streak in February, surging 30% from a year ago because of last years low base when the coronavirus outbreak brought the economy to a halt. Photographer: Lam Yik/Bloomberg , Bloomberg
(Bloomberg) In the pandemicâs second year, some familiar worries about inflation, capital flight or public debt are starting to surface across the developing world. Except in one corner.In Asia, policy makers arenât too preoccupied with these classic emerging-market problems. Their economies look increasingly like theyâve emerged.
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